Hong Kong dollar interest rates have developed differently, with one-month interest rates ending two consecutive increases at 2.96%.

On January 7th, the Hong Kong dollar lending rates showed mixed developments, with the one-month interbank lending rate related to property ending two consecutive increases at 2.95518%, a decrease of 2.351 basis points. The three-month interbank lending rate, which reflects the cost of bank funds, fell to 2.97262%, a decrease of 1.809 basis points. The overnight rate rose to 3.65119%, an increase of 35.333 basis points. The one-week interbank rate increased by 5.393 basis points, reaching 3.12286%, while the two-week rate increased by 8.108 basis points, reaching 3.11929%. In terms of longer-term rates, the six-month interbank rate increased by 0.953 basis points to 3.02911%, while the one-year rate decreased by 0.714 basis points to 3.06982%.